Oil prices fell during trading today, Wednesday, in conjunction with the dollar's rise against most of the major currencies, and crude trimmed its losses despite the release of data that showed an unexpected rise in US inventories.
And the Energy Information Administration announced that crude stocks in America rose by 600 thousand barrels to 493 million barrels last week, while analysts expected them to drop by more than 4 million barrels.
Yesterday, the American Petroleum Institute revealed, in preliminary unofficial data, a rise in oil inventories by about 436 thousand barrels during the same period.
On the other hand, the dollar index fell (against a basket of major currencies) by 15:33 GMT by 0.1% to 91.1 points, and recorded the highest level at 91.4 points and the lowest level at 91.09 points.
This, and Russian Energy Minister "Alexander Novak" stated that the meeting of the "OPEC +" committee may discuss next week the amendment of production plans.
In terms of trading, US Nymex crude futures for May delivery by 15:32 GMT fell 1.1% to 61.9 dollars a barrel, and recorded the highest price at $ 62.5 and the lowest price at $ 60.8.
Brent crude futures for June delivery fell 0.9% to $ 65.9 a barrel, and crude recorded the highest price at $ 66.5 and the lowest price at $ 64.9.
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